Venezuela Sanctions & Trade Compliance
Venezuela sanctions are sectoral — oil, gold, financial services — not a full embargo. That distinction matters less than you'd think. The web of designated entities goes well beyond energy: the government, PDVSA, officials, their associates, networks that span multiple industries.
PDVSA-connected entities turn up in places that have nothing obvious to do with oil. Screening has to go deeper than a name match. And the general licenses that authorize specific transaction types? They shift. What was permitted six months ago may not be now. Check current license status before every transaction, not at the start of a business relationship.